Social Comparisons of Wage Increases and Job Satisfaction
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Christian Grund & Maike Rubin, 2017. "Social comparisons of wage increases and job satisfaction," Applied Economics, Taylor & Francis Journals, vol. 49(14), pages 1345-1350, March.
References listed on IDEAS
- Lazear, Edward P & Rosen, Sherwin, 1981.
"Rank-Order Tournaments as Optimum Labor Contracts,"
Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-864, October.
- Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
- Christian Grund & Niels Westergaard-Nielsen, 2008.
"The Dispersion of Employees' Wage Increases and Firm Performance,"
ILR Review, Cornell University, ILR School, vol. 61(4), pages 485-501, July.
- Grund, Christian & Westergård-Nielsen, Niels C., 2004. "The Dispersion of Employees’ Wage Increases and Firm Performance," IZA Discussion Papers 1402, Institute of Labor Economics (IZA).
- Grund, Christian & Westergård-Nielsen, Niels Christian, 2005. "The Dispersion of Employees' Wage Increases and Firm Performance," Bonn Econ Discussion Papers 3/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- AndrewE. Clark & Claudia Senik, 2010.
"Who Compares to Whom? The Anatomy of Income Comparisons in Europe,"
Economic Journal, Royal Economic Society, vol. 120(544), pages 573-594, May.
- Andrew E. Clark & Claudia Senik, 2009. "Who compares to whom? The anatomy of income comparisons in Europe," Working Papers halshs-00586036, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Who compares to whom? The anatomy of income comparisons in Europe," Post-Print halshs-00754447, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Who compares to whom? The anatomy of income comparisons in Europe," PSE-Ecole d'économie de Paris (Postprint) halshs-00754447, HAL.
- Clark, Andrew E. & Senik, Claudia, 2009. "Who Compares to Whom? The Anatomy of Income Comparisons in Europe," CEPREMAP Working Papers (Docweb) 0907, CEPREMAP.
- Clark, Andrew E. & Senik, Claudia, 2009. "Who Compares to Whom? The Anatomy of Income Comparisons in Europe," IZA Discussion Papers 4414, Institute of Labor Economics (IZA).
- Andrew E. Clark & Claudia Senik, 2009. "Who compares to whom? The anatomy of income comparisons in Europe," PSE Working Papers halshs-00586036, HAL.
- Hirschman, Albert O., 1973. "The changing tolerance for income inequality in the course of economic development," World Development, Elsevier, vol. 1(12), pages 29-36, December.
- repec:hal:spmain:info:hdl:2441/3ile1g7sqe8kfpi2d1e7jp82im is not listed on IDEAS
- Godechot, Olivier & Senik, Claudia, 2015.
"Wage comparisons in and out of the firm. Evidence from a matched employer–employee French database,"
Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 395-410.
- Olivier Godechot & Claudia Senik, 2013. "Wage Comparisons in and out of the Firm. Evidence from a Matched Employer-Employee French Database," Working Papers halshs-00907268, HAL.
- Olivier Godechot & Claudia Senik, 2013. "Wage Comparisons in and out of the Firm. Evidence from a Matched Employer-Employee French Database," PSE Working Papers halshs-00907268, HAL.
- Olivier Godechot & Claudia Senik, 2013. "Wage comparisons in and out of the firm. Evidence from a matched employer-employee French database," Working Papers 311, ECINEQ, Society for the Study of Economic Inequality.
- Olivier Godechot & Claudia Senik, 2013. "Wage Comparisons in and out of the Firm. Evidence from a Matched Employer-Employee French Database," SciencePo Working papers Main halshs-00907268, HAL.
- Ernst Fehr & Klaus M. Schmidt, 1999.
"A Theory of Fairness, Competition, and Cooperation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 817-868.
- Fehr, Ernst & Schmidt, Klaus M., . "A theory of fairness, competition, and cooperation," Chapters in Economics,, University of Munich, Department of Economics.
- Ernst Fehr & Klaus M. Schmidt, "undated". "A Theory of Fairness, Competition and Cooperation," IEW - Working Papers 004, Institute for Empirical Research in Economics - University of Zurich.
- Fehr, Ernst & Schmidt, Klaus M., 1999. "A theory of fairness, competition, and cooperation," Munich Reprints in Economics 20650, University of Munich, Department of Economics.
- Fehr, Ernst & Schmidt, Klaus M., 1998. "A Theory of Fairness, Competition and Cooperation," CEPR Discussion Papers 1812, C.E.P.R. Discussion Papers.
- Christian Grund & Dirk Sliwka, 2007.
"Reference-Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence,"
Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(2), pages 313-335, June.
- Grund, Christian & Sliwka, Dirk, 2005. "Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence," IZA Discussion Papers 1879, Institute of Labor Economics (IZA).
- Clark, Andrew E., 1999. "Are wages habit-forming? evidence from micro data," Journal of Economic Behavior & Organization, Elsevier, vol. 39(2), pages 179-200, June.
- David Card & Alexandre Mas & Enrico Moretti & Emmanuel Saez, 2012.
"Inequality at Work: The Effect of Peer Salaries on Job Satisfaction,"
American Economic Review, American Economic Association, vol. 102(6), pages 2981-3003, October.
- Card, David & Mas, Alexandre & Moretti, Enrico & Saez, Emmanuel, 2010. "Inequality at Work: The Effect of Peer Salaries on Job Satisfaction," Institute for Research on Labor and Employment, Working Paper Series qt48z7z9dn, Institute of Industrial Relations, UC Berkeley.
- David Card & Alexandre Mas & Enrico Moretti & Emmanuel Saez, 2010. "Inequality at Work: The Effect of Peer Salaries on Job Satisfaction," NBER Working Papers 16396, National Bureau of Economic Research, Inc.
- David Card & Alex Mas & Enrico Moretti & Emmanuel Saez, 2010. "Inequality at Work: The Effect of Peer Salaries on Job Satisfaction," Working Papers 1269, Princeton University, Department of Economics, Industrial Relations Section..
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Olivier Godechot & Claudia Senik, 2015.
"Wage comparisons in and out of the firm,"
SciencePo Working papers Main
halshs-01314331, HAL.
- Olivier Godechot & Claudia Senik, 2015. "Wage comparisons in and out of the firm," Post-Print halshs-01314331, HAL.
- Olivier Godechot & Claudia Senik, 2015. "Wage comparisons in and out of the firm," PSE-Ecole d'économie de Paris (Postprint) halshs-01314331, HAL.
- repec:hal:pseose:halshs-01314331 is not listed on IDEAS
- repec:hal:pseose:halshs-00754447 is not listed on IDEAS
- Ferrer-i-Carbonell, Ada, 2005. "Income and well-being: an empirical analysis of the comparison income effect," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 997-1019, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Diriwaechter, Patric & Shvartsman, Elena, 2018.
"The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction,"
Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 116-140.
- Patric Diriwächter & Elena Shvartsman, 2016. "The Anticipation and Adaptation Effects of Intra- and Interpersonal Wage Changes on Job Satisfaction," SOEPpapers on Multidisciplinary Panel Data Research 866, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Shvartsman, Elena & Diriwächter, Patric, 2017. "The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168107, Verein für Socialpolitik / German Economic Association.
- Diriwächter, Patric & Shvartsman, Elena, 2016. "The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction," Working papers 2016/03, Faculty of Business and Economics - University of Basel.
- Filiz Gülal & Adam Ayaita, 2020.
"The Impact of Minimum Wages on Well-Being: Evidence from a Quasi-experiment in Germany,"
Journal of Happiness Studies, Springer, vol. 21(7), pages 2669-2692, October.
- Filiz Gülal & Adam Ayaita, 2018. "The Impact of Minimum Wages on Well-Being: Evidence from a Quasi-Experiment in Germany," SOEPpapers on Multidisciplinary Panel Data Research 969, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Yipeng Tang, 2020. "It’s not only Work and Pay: The Moderation Role of Teachers’ Professional Identity on their Job Satisfaction in Rural China," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(4), pages 971-990, September.
- Burak Kağan Demirtaş, 2022. "Spillover effects of the minimum wage introduction based on horizontal fairness: A lab experiment," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3370-3385, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Diriwaechter, Patric & Shvartsman, Elena, 2018.
"The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction,"
Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 116-140.
- Patric Diriwächter & Elena Shvartsman, 2016. "The Anticipation and Adaptation Effects of Intra- and Interpersonal Wage Changes on Job Satisfaction," SOEPpapers on Multidisciplinary Panel Data Research 866, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Shvartsman, Elena & Diriwächter, Patric, 2017. "The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168107, Verein für Socialpolitik / German Economic Association.
- Diriwächter, Patric & Shvartsman, Elena, 2016. "The anticipation and adaptation effects of intra- and interpersonal wage changes on job satisfaction," Working papers 2016/03, Faculty of Business and Economics - University of Basel.
- Christian Grund & Johannes Martin, 2017. "Monetary Reference Points of Managers – Empirical Evidence of Status Quo Preferences and Social Comparisons," Scottish Journal of Political Economy, Scottish Economic Society, vol. 64(1), pages 70-87, February.
- Grund, Christian & Martin, Johannes, 2012. "Monetary Reference Points of Managers: An Empirical Investigation of Status Quo Preferences and Social Comparisons," IZA Discussion Papers 7097, Institute of Labor Economics (IZA).
- Sun Youn Lee & Fumio Ohtake, 2021.
"How Conscious Are You of Others? Further Evidence on Relative Income and Happiness,"
Journal of Happiness Studies, Springer, vol. 22(8), pages 3321-3356, December.
- Sun Youn Lee & Fumio Ohtake, 2018. "How Conscious Are You of Others? Further Evidence on Relative Income and Happiness," ISER Discussion Paper 1022, Institute of Social and Economic Research, Osaka University.
- Andrew E. Clark, 2017.
"Happiness, income and poverty,"
International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(2), pages 145-158, June.
- Andrew E. Clark, 2017. "Happiness, income and poverty," Post-Print halshs-01630349, HAL.
- Andrew E. Clark, 2017. "Happiness, income and poverty," PSE-Ecole d'économie de Paris (Postprint) halshs-01630349, HAL.
- Stavros A. Drakopoulos, 2020.
"Pay Level Comparisons in Job Satisfaction Research and Mainstream Economic Methodology,"
Journal of Happiness Studies, Springer, vol. 21(3), pages 825-842, March.
- Stavros, Drakopoulos, 2018. "Pay Level Comparisons in Job Satisfaction Research and Mainstream Economic Methodology," MPRA Paper 87711, University Library of Munich, Germany.
- Filiz Gülal & Adam Ayaita, 2020.
"The Impact of Minimum Wages on Well-Being: Evidence from a Quasi-experiment in Germany,"
Journal of Happiness Studies, Springer, vol. 21(7), pages 2669-2692, October.
- Filiz Gülal & Adam Ayaita, 2018. "The Impact of Minimum Wages on Well-Being: Evidence from a Quasi-Experiment in Germany," SOEPpapers on Multidisciplinary Panel Data Research 969, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Axel Ockenfels & Dirk Sliwka & Peter Werner, 2015.
"Bonus Payments and Reference Point Violations,"
Management Science, INFORMS, vol. 61(7), pages 1496-1513, July.
- Ockenfels, Axel & Sliwka, Dirk & Werner, Peter, 2010. "Bonus Payments and Reference Point Violations," IZA Discussion Papers 4795, Institute of Labor Economics (IZA).
- Andrew E. Clark & Claudia Senik, 2010.
"Will GDP growth increase happiness in developing countries?,"
PSE Working Papers
halshs-00564985, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," Working Papers halshs-00564985, HAL.
- Andrew E. Clark & Claudia Senik, 2010. "Will GDP Growth Increase Happiness in Developing Countries?," Post-Print halshs-00654707, HAL.
- Clark, Andrew E. & Senik, Claudia, 2010. "Will GDP Growth Increase Happiness in Developing Countries?," CEPREMAP Working Papers (Docweb) 1024, CEPREMAP.
- Clark, Andrew E. & Senik, Claudia, 2011. "Will GDP Growth Increase Happiness in Developing Countries?," IZA Discussion Papers 5595, Institute of Labor Economics (IZA).
- Mohsen Javdani & Brian Krauth, 2020.
"Job satisfaction and co‐worker pay in Canadian firms,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 53(1), pages 212-248, February.
- Javdani, Mohsen & Krauth, Brian, 2019. "Job Satisfaction and Coworker Pay in Canadian Firms," IZA Discussion Papers 12737, Institute of Labor Economics (IZA).
- Zhijian Zhang & Xueyuan Wang, 2021. "Ambition or Jealousy? It Depends on Whom you are Compared with," Journal of Happiness Studies, Springer, vol. 22(3), pages 1189-1215, March.
- Noy, Shakked & Sin, Isabelle, 2021. "The effects of neighbourhood and workplace income comparisons on subjective wellbeing," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 918-945.
- Xiaogeng Xu & Satu Metsälampi & Michael Kirchler & Kaisa Kotakorpi & Peter Hans Matthews & Topi Miettinen, 2023. "Which income comparisons matter to people, and how? Evidence from a large field experiment," Working Papers 2023-05, Faculty of Economics and Statistics, Universität Innsbruck.
- Senik, Claudia, 2009.
"Direct evidence on income comparisons and their welfare effects,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 408-424, October.
- Senik, Claudia, 2007. "Direct Evidence on Income Comparisons and their Welfare Effects," IZA Discussion Papers 3195, Institute of Labor Economics (IZA).
- Claudia Senik, 2009. "Direct Evidence on Income Comparisons and their Welfare Effects," Post-Print hal-00696621, HAL.
- Claudia Senik, 2008. "Direct evidence on income comparisons and their welfare effects," PSE Working Papers halshs-00588023, HAL.
- Yamada, Katsunori & Sato, Masayuki, 2013.
"Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments,"
Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
- Katsunori Yamada & Masayuki Sato, 2010. "Another Avenue for Anatomy of Income Comparisons: Evidence from Hypothetical Choice Experiments," ISER Discussion Paper 0795, Institute of Social and Economic Research, Osaka University, revised Mar 2013.
- Xiaogeng Xu & Satu Metsälampi & Michael Kirchler & Kaisa Kotakorpi & Peter Hans Matthews & Topi Miettinen, 2023. "Which income comparisons matter to people, and how? Evidence from a large field experiment," Working Papers 10, Finnish Centre of Excellence in Tax Systems Research.
- Sliwka, Dirk & Werner, Peter, 2016. "How Do Agents React to Dynamic Wage Increases? An Experimental Study," IZA Discussion Papers 9855, Institute of Labor Economics (IZA).
- Goerke, Laszlo & Neugart, Michael, 2017.
"Social comparisons in oligopsony,"
Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 196-209.
- Goerke, Laszlo & Neugart, Michael, 2017. "Social comparisions in oligopsony," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 110861, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Goerke, Laszlo & Neugart, Michael, 2017. "Social Comparisons in Oligopsony," IZA Discussion Papers 10820, Institute of Labor Economics (IZA).
- Laszlo Goerke & Michael Neugart, 2017. "Social Comparisons in Oligopsony," CESifo Working Paper Series 6528, CESifo.
- Laszlo Goerke & Michael Neugart, 2017. "Social comparisons in Oligopsony," IAAEU Discussion Papers 201704, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
- Goerke, Laszlo & Neugart, Michael, 2017. "Social comparisons in oligopsony," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168095, Verein für Socialpolitik / German Economic Association.
- Dumludag, D. & Gokdemir, O. & Vendrik, M.C.M., 2015.
"Relative income and life statisfaction of Turkish immigrants: The impact of a collectivistic culture,"
Research Memorandum
024, Maastricht University, Graduate School of Business and Economics (GSBE).
- Dumludag, Devrim & Gokdemir, Ozge & Vendrik, Maarten C.M., 2015. "Relative Income and Life Satisfaction of Turkish Immigrants: The Impact of a Collectivistic Culture," IZA Discussion Papers 9282, Institute of Labor Economics (IZA).
- Santiago Burone & Martin Leites, 2021. "Self-centered and non-self-centered inequality aversion matter: Evidence from Uruguay based on an experimental survey," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(2), pages 265-291, June.
More about this item
Keywords
status quo preferences; social comparisons; reference points; job satisfaction; wage increases;All these keywords.
JEL classification:
- M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HRM-2016-07-23 (Human Capital and Human Resource Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp10038. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.